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US Trade Policy in the context of global crisis and declining hegemony

  • Arturo Guillén Romo Universidad Autónoma Metropolitana, sede Iztapalapa

Abstract

The global crisis of 200-8 reinforced the deflationary tendencies, as well as the withdrawal of the central countries inwards. After the Great Recession 2008-2009, most economies have experienced semi-stagnation and deglobalization processes. The crisis speeded up the decline of the hegemony of the United States. While they retain an overwhelming military advantage and maintain financial hegemony, they have lost ground in production, in international trade and in direct foreign investment. Trump’s trade policy will accelerate deglobalization. And while its tax cut has had a short-term positive effect on growth, it will be difficult to overcome “secular stagnation”.

Author Biography


Arturo Guillén Romo, Universidad Autónoma Metropolitana, sede Iztapalapa

Doctor en Economía Profesor Titular del Departamento de Economía, Universidad Autónoma Metropolitana, sede Iztapalapa.

Published
2020-06-27
Section
Artículos